Very interesting. There was a thread about differences between govt financing via issuance of new bonds or directly printing money. Now UK beginning to go down the latter, although they don’t frame it as such, and call it a short term overdraft between Treasury and BOE Subscribe to read | Financial Times They say it’s temporary (all govts would say that of course otherwise currency risk anyway I would’ve thought) but it’s pretty addictive once you get on it I think. If other countries start following will be interesting
Down the road, socialist Australia will go down the path of austerity to try and get back in the black.
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